Essential Properties Realty Trust Inc. (EPRT) announced the completion of pricing for its $400 million aggregate principal amount of 5.375% senior notes due 2036.

The purpose of this issuance is to provide funding for the company’s general operational needs, including repayment of existing debt and potential acquisition activities. The issuance of the notes will be conducted in accordance with relevant regulations of the U.S. Securities and Exchange Commission. The company anticipates that this issuance will enhance its financial flexibility and optimize its capital structure to support its strategic growth focused on single-tenant, operationally essential commercial real estate. The final terms of the notes, including the issue price, will be determined based on market conditions.